5 at 5: Your Daily Digest for Real Estate Investing, 10/26/2020

New home sales cool a bit, Blackstone's big bet on self-storage, CRE sales down and up, price dips and house flips, implications of another panic-buying wave. Demand for new construction is still being driven by low interest rates and rising demand in lower-density markets, like suburbs and exurbs, the National Association of Home Builders (NAHB) points out. Blackstone (NYSE: BX) Real Estate Income Trust (BREIT) today announced it would buy Simply Self Storage from a Brookfield Asset Management real estate fund for approximately $1.2 billion.